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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Stephen who wrote (3645)	8/26/1999 10:48:00 AM
From: oilbabe	Read Replies (1) \| Respond to of 10027

Stephen: Agree 100%. I sold my 600 shares that I bought at $37 a few weeks ago. Made a good profit on those, especially since they were at $28. not so long ago. Still holding some long term, but this is CLEARLY short covering now, and is pulling back as I speak. Sure was fun while it lasted though!!

To: Stephen who wrote (3645)	8/27/1999 2:32:00 AM
From: Herschel Rubin	Read Replies (1) \| Respond to of 10027

After today, NITE longs can congratulate themselves for their patience (or scold themselves for their stubborness in having held NITE all the way down this past month) - depends on how you look at it. Although the Merrill deal won't kick in until October, today was a watershed event in the psyche of recent NITE investors who've taken the long sled ride downhill. Gone are the days of insidious "margin implosion" that helped drag NITE lower and lower as margin call begat more margin calls. Today's record volume, of 20 million shares, combined with a healthy 17% advance is a confirmation of a shift in confidence in NITE... for now. As the market is a discounting mechanism, investors may be looking past this quarter (for which the jury is still out) and focusing on the lavish rewards of partnering with Merrill. At least, today, that's what they're focusing on... My guess is that we'll see some additional short covering tomorrow as some shorts who didn't cover today will see tangible damage to their net worth when they check their account balances (and margin calls will have been triggered). Or they'll see their profits vanishing if they don't book them soon. __________________________________________________________ BTW, just thought I'd ressurrect my Wednesday evening post (just after NITE had closed at $34) for a laugh (it was a lucky educated guess, huh?): Message 11067826 "Short term, I'm expecting some favorable news to catapult NITE back into the 40's where it belongs. Whether it be the forthcoming partnership announcement with Merrill (according to TheStreet.com, however reliable that is...), or NITE's new marketing thrust, or some announcement of partnering with ECN's that clearly defines (for investors and institutions) just how NITE and ECN's will work together, not against each other. There has just been too much negative press in this sector. It's time for some good news to come out, and I read NITE mgmt's silence as a plus because this is a smart company and they're working on something. As for long-term, my guess is that the analyst's lowered NITE price targets (in the $60's) will easily be beaten as events like the (hopefully) upcoming Merrill announcement can drastically change the landscape in a New York Minute."